Converting from term to permanent life?

Term-to-Perm Conversion Term-to-Perm Conversion with LTCSR

2,3

Term Conversion Plus

What does the

program offer?

Our term policies offer the ﬂexibility to convert all or part

of the term policy to any of our single or joint permanent

life policies without underwriting requirements, such as

labs or paramedical exams.

This program allows clients to add the Long-Term Care

Services

Rider (LTCSR) with limited underwriting

requirements (no routine labs or paramedical exams) when

converting to an Equitable Financial or Equitable America

single life permanent policy.

Available for a limited time, this program allows clients to use a

simple, streamlined LTCSR questionnaire, with no routine labs or

paramedical exams, to add the LTCSR to one of our single life

permanent policies when converting from an Equitable term policy.

When is it

available to

clients?

• Term 10/15/20 — to the earlier of age 70 or the end

of the level term period.

• ART — up to age 70.

For applications signed on or after May 2, 2022:

• Term 10/15/20 — to the earlier of age 70 or 5, 7, 10

years, respectively.

• ART — to the earlier of age 70 or 5 years.

• TermOne

— up to the term expiration date for policies

with issue age 79 or less. For issue age 80 or greater,

there is no conversion available.

Based on the insured’s attained age, policies must convert

within a speciﬁc number of years from register (or issue

date for backdated policies):

• Within 5 years — up to and including attained age 55.

• Within 4 years — attained age 56.

• Within 3 years — attained age 57.

• Within 2 years — attained age 58.

• Within 1 year — attained age 59 or older.

• Eligible term policies must have register dates between

September 15, 2017 and December 31, 2018.

• Term conversion must occur after the ﬁrst, but before the

ﬁfth, policy register date anniversary.

What are the

underwriting

requirements?

• In most cases, no evidence of insurability is required.

Exceptions include requests to increase coverage, improve

the rate classiﬁcation or add certain riders that were not

issued on the original term policy.

• If client is not eligible for Term-to-Perm Conversion with

LTCSR or Term Conversion Plus, requests to include the

LTCSR will be subject to current LTCSR eligibility and full

underwriting requirements.

• Ratings must be Standard or better.

• Client must be at least 20 years of age at

time of conversion.

• An internal MIB search, pharmaceutical database check

and motor vehicle report (MVR) will be secured.

• LTCSR is not available in certain situations; please visit

equitableLIFT.com/ltc for more information.

Note: Equitable Financial and its afﬁliates reserve the

right to order any requirements it deems necessary to

make the offer available.

• Ratings must be Standard Plus or better.

• Client must be 20-60 years of age at time of conversion.

• Conversion is subject to insured’s ability to perform activities of

daily living (ADLs), no indication of cognitive impairment and no

prior declination for long-term care coverage.

• An internal MIB search, pharmaceutical database check and

motor vehicle report (MVR) will be secured.

Note: Equitable Financial and its afﬁliates reserve the right

to order any requirements it deems necessary to make

the offer available.

How much

coverage can

a client get?

• The face amount can be equal to or lower than that of

the term policy, subject to the minimum face amount

requirements for each product.

• The maximum face amount is subject to the retention limits

and guidelines of Equitable Financial and its afﬁliates.

• Up to attained age 58, only $3,000,000 or less

can be converted.

• At or after attained age 59, the full face amount can be